In 1665 England was devastated by the Great Plague, and in 1666 London was decimated by fire, so how did both the country and the city still manage to flourish?

Question

History

Lea Suarez

19 April, 21:21

In 1665 England was devastated by the Great Plague, and in 1666 London was decimated by fire, so how did both the country and the city still manage to flourish?

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Answers (1)

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Joey Mckay · Answer 1

The colonies turned out to be profitable ventures.

Explanation:

• Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products.

• Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

• During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress.